Posted by ahbah > 1 month ago | Report Abuse

Between 2000 and 2022, a gold investment would have yielded over 500% return versus the S&P at 300% return 😁😁😁

Posted by ahbah > 1 month ago | Report Abuse

Gold is one of the best-performing asset classes, if not the best, in the last 50 years.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 weeks ago | Report Abuse

Multi-baggers

Vision to see them
Courage to buy them
PATIENCE to hold them

Conviction cannot be borrowed.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 weeks ago | Report Abuse

I am "overjoyed" when a stock price drops.
I am "heart-broken" when a stock price rises.

These are particularly true for those stocks I am holding long-term.

Posted by Sslee > 4 weeks ago | Report Abuse

The statement by 3iii can't be the truth.
Imagine if you already invested all in that particular stock and the stock price just hit another multi-years low will you be "overjoyed" or "heart-broken"?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Apr 8, 2024 11:41 AM | Report Abuse

I am "overjoyed" when a stock price drops.
I am "heart-broken" when a stock price rises.

These are particularly true for those stocks I am holding long-term

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 weeks ago | Report Abuse

These are stocks where I have conviction their earnings in the next 5 to 10 years will be a few times higher than today. For these stocks, and only for these stocks, you should love the market when it's price falls.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 weeks ago | Report Abuse

FOMO - fear of missing out. (BUYING IN A RISING MARKET driven by GREED)

FOCO - fear of crashing out (SELLING IN A FALLING MARKET driven by FEAR).

Posted by Sslee > 4 weeks ago | Report Abuse

3iii,
Did you top up your Dladay when it drop below 22?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 weeks ago | Report Abuse

WEDNESDAY 20 SEPTEMBER 2023

Comparing Farm Fresh with Dutch Lady
Market cap of Farm Fresh (RM'000) 2,283,742

Market cap of Dutch Lady (RM'000) 1,433,600


Farm Fresh
Adj PER – Latest 45.35
Dutch Lady
Adj PER – Latest 14.03

Performance Info
Farm Fresh
ROE - 5 Yr Avg10.56
ROE - Latest FY 7.94
Dutch Lady
ROE - 5 Yr Avg 62.91
ROE - Latest FY 11.66


Farm Fresh
Latest YR D/E 0.55
NAB/Share (RM) 0.34 Latest PX / NAB 3.59
EV/EBITDA 25.43
Dutch Lady
Latest YR D/E 0.02
NAB/Share (RM) 6.20 Latest PX / NAB 3.61
EV/EBITDA 14.72

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 weeks ago | Report Abuse

I have committed many mistakes and errors too. These resulted in permanent losses. Learning from these mistakes is humbling and yet rewarding.

By always focusing on the risks and the downsides ( keeping losses small), the upside takes care of itself.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 weeks ago | Report Abuse

THURSDAY 7 JUNE 2012

The Reasons You Should Invest in Quality Growth Companies for the Long Term. Illustrated examples.

The reasons you should review your philosophy and strategy in stock investing:

1. You can create wealth only by adding value to resources or by providing a service of value.
2. Only investments in active businesses are capable of adding value.
3. Owning a business, though very rewarding, is expensive and risky; but owning shares in a variety of successful businesses eliminates most of the risk while retaining most of the reward.
4. Buying the stock of quality growth companies and holding it for the long term provides substantial, predictable returns.
5. Short term trading (BFS/STS) is unpredictable and stacks the odds against you, because it relies upon winning at some loser's expense and because there's no assurance that you won't be the loser.
6. The benefits of long-term investing include carefree portfolio maintenance, the potential to double your money every five years, the deferment of taxes, and the fact that there are rarely any losers.



Let's review the simple mathematics that makes this method work:

1. Assume that 15 times earnings is a fair multiple for a good company and that the company earned $1 per share last year.
2. You will therefore pay $15 for the stock.
3. In five years, the earnings will have grown to $2 per share.
4. At 15 times earnings, the price will then be $30.

The value of your investment will have doubled - in five years!


Hopefully you're satisfied with the logic behind this investing approach and can see its advantages.

Let's dispel any doubts you might have about whether you can be successful.



The best way to minimize the risk is to invest in good quality companies for the long-term, expecting not to make a killing but to earn as much as good quality companies are capable of earning for their shareholders.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 weeks ago | Report Abuse

7.6.2012

Here are some examples of KLSE listed companies that have grown their earnings over the last 5 years. Their earnings (green lines on the chart) have doubled or almost doubled over this period. Therefore, assuming you have paid the fair PE for these stocks, your capital appreciation on the stock price would likewise have shown the corresponding gains. Investing can be as simple as this: invest into good quality growth companies at fair or bargain prices, and holding them forever, unless their business fundamentals deteriorated permanently.

Stock Performance Chart for Dutch Lady Milk Industries Berhad

Stock Performance Chart for Padini Holdings Berhad

Stock Performance Chart for Petronas Dagangan Berhad
Lastest EPS of PetDag was 91 sen.

Stock Performance Chart for Nestle (Malaysia) Berhad

Stock Performance Chart for Guinness Anchor Berhad

Stock Performance Chart for LPI Capital Berhad

Stock Performance Chart for Public Bank Berhad

Stock Performance Chart for Guan Chong Berhad
Guan Chong has shown rapid growth over the last year.
Do not expect this growth rate to be sustained at the same level.
It doesn't have the same level of quality as the other companies above.


How many of these stocks do you need in your portfolio?
Over-diversification will lead to attenuation of your potential gains in your portfolio.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

Yields jump, futures plunge.

Core CPI YoY 3.8% vs 3.7% EST.

(March Inflation data hotter than expected)

Interest rates differential between US and Malaysia widen.

US$ will strengthen against the MYR.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

NVIDIA

Forecasted High Price: 1,187.4 Minus Forecast Low Price: 298.3

Buy Zone: 298.3 to 520.6
Hold Zone: 520.6 to 965.1
Sell Zone: 965.1 to 1,187.4
Current Stock Price of 853.64 is in the HOLD Zone.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

https://myinvestingnotes.blogspot.com/2020/10/hidden-hands-behind-penny-stock-surge.html

Hidden hands behind penny stock surge
Old article

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

Use "normalized income after taxes."

(1) If you are calculating ROE on your own, it should be calculated using the most “stripped-down” income available; i.e., “normalized income after taxes,” which excludes all non-recurring and extraordinary items from the income derived from continuing operations. This is not all that easy to come by. Either you, or your data provider’s analysts must estimate the tax implications for the non-recurring items excluded, since such items appear above the tax line on the income statement. At this time, the only data providers I know of that offer normalized earnings are Value Line (www.valueline.com) and Market Guide (www.marketguide.com).

(2) As a practical matter, the second best and probably the “most likely to succeed” would be income available to common shares from continuing operations excluding extraordinary items.

(3) And the net income after taxes would be a near next choice.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

Don't be fearful when a stock price dropped by half. If you are confident in the business and have the conviction that its price should be higher and that in the future, its price (based on valuation) will be higher than its previous highest price, continue to own the stock for the long run.

Posted by StartOfTheBull > 3 weeks ago | Report Abuse

Middle East crisis escalated.
https://www.timesofisrael.com/report-warns-iran-could-launch-major-drone-and-missile-attack-as-soon-as-friday/

Posted by stockraider > 3 weeks ago | Report Abuse

Just invest in maybank as give good steady return & div loh!

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 weeks ago | Report Abuse

Just visited the market, and it is so "red" today! Wonderful!!!😀

Posted by TheContrarian > 2 weeks ago | Report Abuse

Prices have not retreated sufficiently, there's hardly any bargain.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 week ago | Report Abuse

QL
Fiscal year is April-March.
All values MYR Millions. 2023 2022 2021 2020 2019
SALES/REVENUES 6,243.00 5,236.00 4,379.00 4,156.00 3,619.00
GROSS INCOME 1,254.00 902.00 870.00 826.00 687.00
NET INCOME 347.00 217.00 312.00 239.00 217.00
NOSH (DILUTED) 2,434.00 2,434.00 2,434.00 2,434.00 2,434.00
- - - - -
- - - - -
FREE CASH FLOW 345.52 218.42 223.20 67.75 -49.67
DIVIDENDS 170.36 85.18 73.01 73.01 73.01
- - - - -
- - - - -
TOTAL EQUITY (Book Value) 2,888.00 2,706.00 2,546.00 2,091.00 2,014.00
TOTAL ASSET 5,285.00 4,957.00 4,877.00 4,096.00 3,708.00
RETAINED EARNINGS 2,103.00 1,933.00 1,803.00 1,566.00 1,412.00
TOTAL 5 YR RETAINED EARNINGS 691.00
- - - - -
- - - - -
Fiscal year 2023 2022 2021 2020 2019
GROSS PROFIT MARGIN 20.09% 17.23% 19.87% 19.87% 18.98%
NET PROFIT MARGIN 5.6% 4.1% 7.1% 5.8% 6.0%
ASSET TURNOVER 1.26 1.07 1.07 1.12 #DIV/0!
FINANCIAL LEVERAGE 1.83 1.92 1.96 1.84 #DIV/0!
ROA 7.0% 4.4% 7.6% 6.4% #DIV/0!
ROE 12.8% 8.5% 14.9% 11.9% #DIV/0!
DPO RATIO 0.49 0.39 0.23 0.31 0.34
- - - - -
- - - - -
FISCAL YEAR ENDING 2023 2022 2021 2020 2019
PRICE 6.37 5.51 4.6 6.12 5.57
- - - - -
- - - - -
MARKET CAP 15,504.58 13,411.34 11,196.40 14,896.08 13,557.38
NAPS 1.19 1.11 1.05 0.86 0.83
EPS 0.14 0.09 0.13 0.10 0.09
- - - - -
- - - - -
P/B 5.37 4.96 4.40 7.12 6.73
P/E 44.68 61.80 35.89 62.33 62.48
EARNINGS YIELD 2.24% 1.62% 2.79% 1.60% 1.60%
- - - - #DIV/0!
- - - - -
FCF YIELD 2.23% 1.63% 1.99% 0.45% -0.37%
DIVIDEND YIELD 1.10% 0.64% 0.65% 0.49% 0.54%

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 week ago | Report Abuse

NESTLE MALAYSIA

This is definitely a GREAT company.

Revenues grew from 5.5b in 2019 to 7.1b in 2023.
Gross Income grew from 2.1b in 2019 to 2.2b in 2023.
Net Income dropped from 673m in 2019 to 660m in 2023.

From 2019 to 2023 (a period of 5 years), it generated 4.1b in net cash from its operations.
From 2019 to 2023 (a period of 5 years), it spent 1.4b on capex.
From 2019 to 2023 ( a period of 5 years), it generated 2.7b in Free Cash Flows.
From 2019 to 2023 ( a period of 5 years), it distributed 3.04b as dividends.

How much was retained earnings from 2019 to 2013? 10m
Its total equity in 2019 was 665m and in 2023 was 675m.

Its gross profit margin was a high of 37.6% in 2019 and a low of 30.9% in 2022. Its average GPM over the 5 years was 34.1%. In 2023, its gross profit margin was 31.64%.

Its Net Profit Margin shrunk from 12.2% in 2019 to 9.3% in 2022. The Net Profit Margin in 2023 was 9.4%. The average Net Profit Margin for the last 5 years was 10.2%.

We can expect its profit margins to expand in the near future when the costs of its goods are cheaper.

Its Dividend Payout Ratio was a high of 0.99 over the 5 year period.

Over the last 5 years, its average P/B was 52.2x, its average P/E was 52.7, its average Earnings Yield was 1.91%, FCF Yield was 1.70% and its average DY was 1.89%.

In 2023, its P/B was 44x and P/E was 45x, both were the lowest for the last 5 years.

In 2023, its earnings yield was 2.22%, its FCF yield was 2.91% and its DY was 2.07%; these are the highest for the last 5 years.

QUALITY: GREAT BUSINESS
MANAGEMENT: EXCELLENT, SUPERB
VALUATION: FAIR PRICE (FOR THOSE WITH LONG TERM HORIZON)

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 week ago | Report Abuse

Dutch Lady

This company is suffering from some short-term business problems. The market has beaten its share price down a lot.

Look at the company in greater detail. It is growing its revenues. Despite huge capital expenditure to set up the new manufacturing plant, its short term and long term debts remained very low. It is able to generate cash from its operations and delaying payments to its creditors to finance the capex. Though its dividends were slashed over the last 5 years, it is still paying 50 cents per share in dividends. All these points to Dutch Lady has economic moat. Its business will sail on through troubled times.

It is a company that is not hurting for cash and is not sitting on a mountain of debt.

Once the new manufacturing plant is up and functioning fully, we can expect to see ton of cash piling up, little debts and its dividends creeping up again.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 week ago | Report Abuse

The business of Dutch Lady remains exceptional. Despite huge capex, it carries little long-term debt on its balance sheet. Dutch Lady remains highly profitable and it is self financing the building of its new manufacturing facility (compensation of its old factory and land acquired by the authority, through internally generated profits, retaining more of its earnings by paying out lower dividends and through funding from its suppliers).

Due to its economic moat, Dutch Lady is able to grow without the need to borrow large sums of money.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 week ago | Report Abuse

We are stock investors in high-quality growth companies — not stock traders.

We look to hold a company in our stock portfolio as long as the company's fundamentals remain intact and the potential for an appropriate return on our investment exists.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 week ago | Report Abuse

Anyone can become a successful lifelong stock investor by following sound, practical investing principles.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 week ago | Report Abuse

A beaten down stock maybe a good investment opportunity. At its beaten down price, the upside reward is high and the downside risk is low. Assumption: it is a temporary downturn in its business.

Why one should be optimistic and greedy?
Revenue growth
Profitable
Margin expansion
PE expansion

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 week ago | Report Abuse

1. The right entrepreneurs.
2. Business opportunity itself.
3. Return of capital > 16%.
4. Growth in top line and bottom line.
5. Small is beautiful.

Check list is important.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 week ago | Report Abuse

Growth without cash flow.
Versus
Growth with cash flow.

Posted by Sslee > 1 week ago | Report Abuse

3iii,
What is your comment on AAX acquisitions of AAAGL and AAB?

Total borrowings and lease liabilities of AAX/Newco will be escalated to RM 23,271,794,000 a gearing of 23.96 times after the proposed AAAGL and AAB acquisitions.

Posted by tangox3 > 1 week ago | Report Abuse

Hi fellow investors, I am a newbie inherited some stocks from my late husband and now desperately starting to learn about the stock market. Appreciate if some Sifus are willing to connect with me via any channel and provide some guidance...

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 days ago | Report Abuse

One of the most effective methods to reduce tax leaks in this area is through e-invoicing implementation.

The Finance Ministry has previously stated that from 2000 to 2009, the shadow economy accounted for about 30.2% of Malaysia’s GDP, reducing to 21.2% from 2010 to 2019.

A significant reason for this decline was the implementation of the GST in 2015, introducing tax invoices and plugging some tax loopholes.

More comprehensive

When comparing tax invoices from the GST era with the planned e-invoicing system, it becomes evident that e-invoicing requires more comprehensive and detailed information.

This indicates that the IRB can gather more data to monitor transactions between businesses (B2B) and businesses and consumers (B2C), further sealing tax loopholes and increasing national revenue.

This is why many countries have either begun or planned to implement e-invoicing.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 days ago | Report Abuse

A company with durable competitive advantage (Definition of a great company).

In Bursa, Nestle is a great company.
A great company can grow its revenues and earnings consistently and over a long time.
It maintains its margins.
It has healthy earnings, that is, its earnings generate a lot of cash from operations and net operating cash flow.
It requires to spend little to maintain and/grow its business (capex <<< earnings).
Thus, it generates a lot of free cash flow.
It does not need a lot of new capital to grow its earnings, thus, its ROE is very high.
It would be great if Nestle can reinvest this into its business but it is not able.
Not surprisingly, it distributed almost all its earnings to its shareholders.

All great company started small and grew over many years into its present size.
A small company can grow faster than a very big company.

Look for other companies in other sectors that have the characteristics of Nestle, and you will probably find a great company to analyse and ponder on.

The only thing is these great companies tend to trade at very good prices.
A great company can be a bad investment if you overpay to own it.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 days ago | Report Abuse

Nestle
2005
Price 23 - 25.75 DPS 80.2 SEN EPS 114 DY 3.5 - 3.1% PE 20.2 - 22.6

2024
PRICE 127.50 DPS 268 SEN EPS 280.70 PE 45.42 DY 2.10%

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 days ago | Report Abuse

FROM 2005 TO 2024

NESTLE has grown its earnings from 114 sen to 280,70 sen. (2x) Its dividend distributed was 80.2 sen in 2005 and today it is 268 sen. (3x).

Its share price grew from 25 in 2005 to 125 today (5x).

PE expanded from 22 to 45 (2x)

Growth in share price is due to earnings growth x PE expansion.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 days ago | Report Abuse

In 2005, the risk free interest rate was probably about 6.5%. Today , perhaps 3.5% to 4%. Thus, risk free interest rate has dropped by half. This will affect the valuation or the PE of assets.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 days ago | Report Abuse

Our stock market was at its lowest point in June 2023. Since then, it has risen steadily.

The recent climb in the index has been led by big blue chips consumer stocks.

Is this the start of a bull run?